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Reinventing software testing in 2020

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Quality assurance (QA) testing is essential to the product development cycle. Software, applications, and other programs need to be carefully assessed by qualified professionals, not just to catch defects but also to evaluate the functionality, usability, and other features.

Like most areas of the tech world, QA testing is changing every day, with new processes and innovations introduced regularly. What will the software testing process look like in 2020? Here are our predictions.

 

The presence of artificial intelligence will increase

Artificial intelligence (AI) has fast become integral to automated testing. It serves a number of purposes, from improving the speed at which tests can be conducted to spotting errors that the human eye can’t catch. Through machine learning, AI can assist in categorizing bugs, assessing the quality of the tests themselves, prioritizing cases to determine which ones need the most attention, helping ensure that the requirements of the product are met, predicting user behavior, and much more.

AI won’t replace humans — not in 2020, anyway — but it can work with QA testers to improve efficiency and address other organizational goals.

Big Data will dominate

Vast amounts of information are being produced at a rapid speed and are now omnipresent, so software QA services have an important task on their hands. They’ll need to both ensure that any products that generate and use Big Data are up to par, as well as find ways of processing them efficiently and accurately.

With Big Data being generated in a range of important industries, including healthcare, retail, insurance, finance, and many others, QA testing will increasingly become essential. It will help ensure that the tools these sectors use have minimal bugs and that any products they create meet users’ expectations and protect their privacy and security.

 

There will be greater automation

Along with integrating AI into automated testing, 2020 will see an increase in the very concept of automation itself. Again, it won’t replace manual testing — QA will need them to script tests and perform assessments that require a personal touch, such as evaluating the usability of the product.

However, automation is a great way of performing repetitive tasks more efficiently than humans can. One example of this kind of repetition is regression testing, which is meant to confirm that software changes have not adversely affected existing functions.

Automation has long been important in the QA landscape, and this year, it will become even more so. Manual testers will work with the technology to deliver fast, accurate results.

 

Testers will need to be able to adapt to changes

While approaches like DevOps and Agile often improve the results of products, they also demand greater flexibility and the ability to change course at a moment’s notice, all when maintaining efficiency. As these methods gain traction, QA testers will need to be willing to work hard and deviate from the original plan, as well as map out various possibilities for testing scenarios and predict potential holdups.

 

There will be an emphasis on testing niches

QA testing covers an enormous spectrum of products and focuses, including security, usability, functionality, and more. Products such as software, applications, networks, systems, and others need to be rigorously assessed by experts before they’re launched or used. In 2020, we’ll see a greater focus on certain areas of testing and products to be tested.

For example, given the ever-mounting threat of cybercrime, QA testing services will need to carefully assess products in terms of cybersecurity, whether they’re making sure transactions are conducted safely or helping protect consumer data that will be exchanged or generated.

There will be a particular focus on products of the Internet of Things, which generate an enormous amount of data, as well as software that uses blockchain, which is being applied to industries beyond cryptocurrency.

With all the changes to QA testing on the horizon in 2020, one thing is clear: testing isn’t going anywhere. Products will need to undergo a rigorous and careful QA process before they’re launched, requiring the expertise of dedicated professionals — not just software developers doing double duty. The testing cycle requires the skills of people who are well-versed in testing procedures, as well as the obstacles that accompany them.

 

The new year is full of opportunities for software development. Make sure your products are up to par by thoroughly evaluating them according to the latest and greatest trends and procedures.

Blockchain

Cryptocurrency Market Report 2020: Technology, Applications and Implementation for Financial Services

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Blockchain

TCS Positioned as a Leader in Capital Markets Operations by Everest Group

Vlad Poptamas

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Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix™ for Capital Markets Operations1.

In an assessment of 24 global service providers offering capital markets operations services, TCS was placed highest for Vision and Capability, as well as Market Impact. Additionally, it was named a Star Performer for having top quartile year-on-year improvement in its scores.

TCS’ strong position in the overall capital markets segment is attributed to consistent growth in its portfolio with multiple new wins. According to the report, the company has continuously worked on creating solutions backed with the latest technology to help its customers solve operational problems more efficiently. It mentions TCS BaNCS™ Cloud for Asset Servicing that automates the servicing of multiple asset classes across custodians, brokerages, asset managers, and investment banks. The report also highlighted a successful POC where TCS powered the world’s first cross-border securities settlement between two central depositories using Quartz™ Blockchain.

With growing competition in the capital markets segment, customer preference for digital channels, and increasingly complex regulations, financial institutions are banking on innovative use of technology to stay ahead,” said K Krithivasan, Business Group Head, Banking, Financial Services and Insurance, TCS“This recognition from an independent third-party research firm is a testament to our vision, capabilities, services offered, and market impact.”

TCS offers a comprehensive portfolio of services in the capital markets domain. Its customers include over 85 buy and sell side firms as well as market infrastructure firms and custodians. TCS’ in-depth domain solutions cover all functions and include:

  • Front Office: Research and analytics, channel management support, para planning for wealth management customers
  • Middle Office: Post trade processes including trade affirmation / confirmation, pricing and valuation, portfolio accounting and reconciliations
  • Back Office: Settlements, reconciliation and fails management accounting including fund accounting, fund administration, and transfer agency

Guided by its Business 4.0TM thought leadership framework and the Machine First™ Delivery Model (MFDM™), TCS has made steady investments and developed frameworks, point solutions and showcases. These include the wealth and retirement platform on TCS BaNCS, a wealth advisory solution, robo advisor and event fusion solution, conversational agents powered TCS’ proprietary tool Conversa™, interactive customer reporting, X code, and distributed ledger technologies for corporate actions, among other blockchain, robotic process automation, platform modernization-based frameworks.

In an environment shaped by changing user preferences and pressure from fintechs, it has become critical for financial institutions to connect their front- and back-office functions seamlessly,” said Manu Agarwal, Practice Director, BFS Business Process Services, Everest Group. “Supported by strong operational expertise and digital offerings, TCS enables its customers to deliver this superior experience.”

Our rich experience in capital market services, regulatory knowledge, innovative offerings backed by the latest digital technologies, and deep contextual knowledge places us in a strong position to deliver exponential value to our capital markets customers,” added Krithivasan. 

 

SOURCE Tata Consultancy Services

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Blockchain

Huobi Token (HT) Reaches New High Amid Increased Adoption and Ongoing Ecosystem Development

Vlad Poptamas

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Huobi Global today announced that Huobi Token (HT) has reached a new 12-month high amid the continued growth and development of the whole ecosystem. As of yesterday, HT was trading at a token price of $5.27 USD, a 92% increase since the close of 2019 – and nearly a 5X increase compared to this time last year.

As the native token of digital asset exchange Huobi Global, HT’s new milestone underscores the recent progress of Huobi’s global ecosystem. Last month, Huobi Global and Huobi DM experienced a strong start to 2020 with a 65% month-over-month spike in aggregate trading volume.

Huobi has also transitioned from quarterly to monthly token burns, which are based on a percentage of Huobi Global and Huobi DM’s revenues for each corresponding period. For Huobi’s first monthly burn, 4.057 million HT were repurchased and destroyed in January, which has a current market value of $21.4 million USD. A total of 45.838 million tokens have been burned to date.

“2020 is a pivotal year for Huobi as we enter new global markets and continue expanding our product line-up for both institutional and retail audiences,” said Ciara Sun, Vice President of Global Business at Huobi Group. “HT is a foundational part of the Huobi ecosystem, so we are deeply committed to its success.”

HT Product Roadmap

As part of a longer-term strategic roadmap for HT, Huobi has a number of upcoming initiatives planned that aims to further increase the token’s utility for the broader blockchain and crypto community.

Huobi DM’s new Perpetual Contract product, which is currently undergoing internal testing and nearing public launch, will be incorporated into the HT Token Burn Program. HT will also play an integral role in the ecosystem of Huobi Chain, a regulator-friendly financial blockchain that’s slated for testnet launch in the near future.

Additional features in development include HT margin trading with up to 2X leverage, which is expected to launch in March, and collateralized HT for peer-to-peer crypto lending and pledged loan contract assets.

HT Ecosystem Adoption

To further expand HT’s utility beyond the Huobi ecosystem, Huobi is accelerating efforts to integrate with third-party partners, including international credit cards, digital bank cards, blue-chip technology companies, and global entrepreneurship centers.

HT was recently accepted as a payment option for charitable donations to Project HOPE, a global nonprofit organization that has been providing health development and emergency relief since 1958. Last month, Huobi partnered with a leading crypto-friendly hotel booking platform to integrate HT as a preferred payment method on Travala.com.

 

SOURCE Huobi Group

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